Texas 2009 - 81st Regular

Texas House Bill HB28

Filed
11/10/08  
Out of House Committee
4/14/09  
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to requiring notice by a seller of real property of potential annexation of the property by a municipality.

Impact

The implementation of HB28 will require significant changes in the way real estate transactions are conducted in Texas. By mandating that sellers provide specific written notices regarding possible annexation, the bill enhances the information available to buyers, allowing for more informed decision-making. This transparency is expected to improve trust in property transactions, benefitting both consumers and local governments by reducing disputes over annexation-related issues post-purchase.

Summary

House Bill 28 aims to amend the Property Code concerning the requirement for sellers of real property to disclose potential annexation by municipalities. This bill stipulates that sellers must inform potential buyers if they have received notice from a municipality that their property is included in an annexation plan. The intent behind this legislation is to promote transparency in property transactions and ensure that buyers are fully aware of any risks related to annexation before completing the purchase.

Contention

Notable points of contention around the bill may arise from the potential burdens it places on sellers, particularly those with limited access to information from municipalities. Critics argue that the additional requirement could complicate the selling process and lead to increased transaction costs. Furthermore, there may be debates over how effectively municipalities can communicate their annexation plans to sellers, as this could impact compliance with the new regulations introduced by HB28.

Enforcement

Enforcement of this bill would likely fall to the Texas Real Estate Commission, which will need to ensure that sellers adhere to the new disclosure requirements. Failure to provide the mandated notice could allow buyers to terminate contracts within a specific timeframe, highlighting the importance of compliance for sellers. Overall, the legislation balances the interests of property buyers and sellers while addressing the dynamics of municipal growth and development.

Companion Bills

No companion bills found.

Previously Filed As

TX HB2816

Relating to notice provided to purchasers of property and information filed with the county clerk by certain special districts.

TX HB1257

Relating to a seller's notice of special district ad valorem taxes or assessments on newly constructed residential real properties.

TX HB2815

Relating to the powers, authorities, duties, and responsibilities of certain conservation and reclamation districts and to notice a person who proposes to sell or convey real property located in any of certain conservation and reclamation districts must provide to a prospective purchaser of that property.

TX SB2522

Relating to the notice given to purchasers of property within certain water districts.

TX SB864

Relating to certain seller's disclosures for the sale of residential real property.

TX HB1256

Relating to seller's disclosure notice concerning special districts in which residential real property is located.

TX HB697

Relating to seller's disclosures regarding fuel gas piping in residential real property.

TX SB1786

Relating to approval procedures for property development review by a municipality.

TX HB1526

Relating to parkland dedication for multifamily, hotel, and motel property development by certain municipalities; authorizing a fee.

TX SB558

Relating to parkland dedication for multifamily, hotel, and motel property development by certain municipalities; authorizing a fee.

Similar Bills

TX HB3502

Relating to acknowledgements required of a purchaser of residential real property in connection with the receipt of a seller's disclosure notice regarding the property.

TX HB3389

Relating to a seller's disclosure of natural or liquid propane gas on residential real property.

TX SB1412

Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.

TX HB1549

Relating to seller's disclosures regarding the proximity of certain residential real property to certain landfills and related facilities.

TX SB638

Relating to seller's disclosures regarding the proximity of certain residential real property to certain landfills and related facilities.

TX HB1221

Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.

TX HB890

Relating to providing information to the public and to purchasers of real property regarding the impact of military installations.

TX HB797

Relating to providing information to the public and to purchasers of real property regarding the impact of military installations.